United States · Amendment · HAMDT
HAMDT 648 (101st)
An amendment to alter the FHA mortgage insurance program by phasing out over five years the 3.8% insurance premium paid at the time of settlement. The amendmnet would require 1.35% premium be paid at the time of settlement and 0.6% be paid annually over the life of the loan. The amendment would also prohibit the issuance of FHA mortgages that exceed the market value of a property and eliminate the rebate of unearned insurance premiums when mortgages are prepaid.
Introduced
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Last action
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Status
On agreeing to the Vento amendment (A017) Agreed to by recorded vote: 418 - 2 (Roll no. 290).
Sponsors
Rep. Vento, Bruce F. [D-MN-4]
Subjects
Discovery layer
Source updated
1 July 2021
Records
Official amendment HAMDT 648 (101st) from United States at United States Congress. Status: On agreeing to the Vento amendment (A017) Agreed to by recorded vote: 418 - 2 (Roll no. 290)..
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Sponsors
- Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/amendment/101st-congress/hamdt-648
- Open data entity: https://api.congress.gov/v3/amendment/101/hamdt/648
- us · 101-hamdt-648 · source updated 1 July 2021